Navigating Financial Differences in Friendships

A while back, we asked you to share your money struggles, and we heard from many of you! In today’s episode, we booked a session with financial therapist Megan McCoy to answer your burning financial questions — everything from navigating financial differences among friends and talking to an avoidant partner about money plans, to making big career decisions and learning how to curb spending.

As promised, here are some of the research studies and articles discussed in this episode:

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  1. “Spending Money on Others Promotes Happiness,” by Elizabeth W. Dunn, Lara B. Aknin, and Michael I. Norton, as well as Dunn’s TED Talk on the same topic

  
  
  
  
  

• “If Money Doesn’t Make You Happy Then You Probably Aren’t Spending It Right,” by Elizabeth W. Dunn
  
  

• “Heads or Tails: The impact of a coin toss on major life decisions and subsequent happiness,” by Steven D. Levitt
  
  

• “Harvard Study of Adult Development” and an awesome TED Talk by Robert Waldinger, the project’s director
  
  
• Take the Klontz Money Script test to measure your core money beliefs.
  
  

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